Daniel Batten, managing partner of CH4 Capital and well-known climate activist The Bitcoin ESG Forecast, brings to light new research that shows how central banks, particularly within the EU, have systematically overestimated the impact and status of BTC. Signals a concerted effort to “weaken”.
In a detailed description shared via X (formerly Twitter), Baton where did it go: “While we were sleeping, the European Commission (via ESMA and the ECB) is making a report in which they view Bitcoin as harmful to the environment – a threat to the energy security of the EU – as a haven for financial criminals. Are planning to label in. This paves the way for a de facto EU ban on BTC and BTC mining by 2025.
According to Batten, the European Commission’s move is part of a broader strategy that has global implications. He highlighted, “ESMA, working closely with the ECB, has indicated that once the report is accepted in the EU, they will push for it to be made standard in other countries.”
Coordinated attack against Bitcoin
Linking the current scenario to that following the global financial crisis (GFC), Batten suggests a deep fear among central banks about Bitcoin’s decentralization potential. He quotes, “During the GFC, central bankers realized that our central bank-based financial system was shifting generations from the poor to the rich, putting people at risk.”
source: business week
